Call us today: +44 (0) 20 3551 6634
The decline in the value of the euro in the Gulf region has been good news for European expatriates working in the region, Gulf News has reported.
The euro has declined nearly 12 per cent against the United Arab Emirates dirham over the last five months and has dropped 17 per cent in value against the dirham since July 2008.
"The obvious impact is that the cost of items imported from the eurozone will decline," HSBC economist Simon Williams told the paper.
"In the short to medium term it may not have a big impact on the retail prices as importers are unlikely to pass on these gains to end users," he commented.
The paper said that the euro’s decline has not impacted the trade between countries using the euro and UAE, but if the slide continues, importers are more likely to source items from the eurozone.
Expatriates may have heard that Greece’s debt problems have impacted on other countries in the eurozone, raising concerns that Portugal’s debt may be next to be downgraded.
Moving abroad? Get a free quote for your international medical insurance online.
Expatriate Group.Delmon House,36-38 Church Road,Burgess Hill,West Sussex,RH15 9AE
Registered Address.35 Ballards Lane,London,N3 1XW
Tel: +44 (0)20 3551 6634Fax: +44 (0)870 428 5141Email: firstname.lastname@example.org
Short Term Healthcare Insurance
Travel Medical Insurance One Way Travel Insurance Single Trip Travel Insurance Annual Multi-Trip Travel Insurance Non UK Resident Travel Insurance Business Travel Insurance
About Us Useful Links Leave a Review Our Awards The Press Room Satisfaction Survey Downloads Legal Notice Underwriters Hospital List
Emergency Assistance information Short-Term Healthcare Working Abroad Insurance Thailand Health Insurance Family & Friend Benefits
Register as an Intermediary Opportunities for Brokers
Expatriate Group & Expatriate Healthcare are trading styles of Strategic Insurance Services Limited who is authorised and regulated by the Financial Conduct Authority (FCA). FCA Firm reference Number is 307133. Strategic Insurance Services Limited is authorised to carry on Regulated Activities in accordance with the permissions granted by the FCA under PART IV of the Financial Services and Markets ACT 2000.